Turnover drops
The January 2016 futures on the 50-unit Nifty 50 index traded at 7541.25, near Nifty's closing of 7536.80 in the cash market. The Nifty February 2016 futures traded at 7563.50, a premium of 26.70 over the spot closing for the index. Turnover on the National Stock Exchange's futures and options (F&O) segment dropped to Rs 3.11 lakh crore from turnover of Rs 3.85 lakh crore registered during the previous trading session.
In the cash market, the Nifty fell 25.60 points or 0.34% to settle at 7,536.80, its lowest closing level since 12 January 2016.
Infosys, Reliance Industries (RIL), State Bank of India (SBI), ICICI Bank and Tata Steel were the top traded individual stock futures contracts on the futures & options (F&O) segment of NSE.
Infosys January 2016 futures traded at 1139.90, near spot closing of 1137.50. RIL January 2016 futures traded at 1064, near spot closing of 1060.45. SBI January 2016 futures traded at 195.60, at a slight discount compared with spot closing of 195.85.
ICICI Bank January 2016 futures traded at 234.35, at a discount compared with spot closing of 235.50. Tata Steel January 2016 futures traded at 239.40, at a marginal discount compared with spot closing of 239.45.
The January 2016 F&O contracts are set to expire on 28 January 2016. The February 2016 F&O contracts are set to expire on 25 February 2016.
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